New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). New Risk • Jun 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €82.3m (US$95.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Market cap is less than US$100m (€82.3m market cap, or US$95.0m). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ning Liang was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 25
Linmon Media Limited, Annual General Meeting, May 27, 2026 Linmon Media Limited, Annual General Meeting, May 27, 2026. Tillkännagivande • Mar 13
Linmon Media Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Linmon Media Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Tillkännagivande • Jul 10
Linmon Media Limited Announces Board and Committee Changes, Effective 10 July 2025 The board of directors of Linmon Media Limited announced that Ms. Long Yu has resigned as the independent non-executive director, member of each of the audit committee and nomination committee of the Board and the chairwoman of the remuneration committee of the Board of the Company due to her personal career planning arrangement with effect from 10 July 2025. The Board also announced that Ms. Liang Ning has been appointed as an independent non-executive director, a member of each of the audit committee and nomination committee of the Board and the chairwoman of the remuneration committee of the Board of the Company with effect from 10 July 2025. Ms. Liang Ning, aged 50, has approximately 30 years experience in the IT internet and business management fields, and has become an independent scholar since 2014. She delivered ‘30 Lectures on Product Thinking’ in 2018 and ‘30 Lectures on Growth Mindset’ in 2019 and published her work under the name of ‘Real Demand’ 2024. Ms. in Liang previously worked for Lenovo Group, and then started her own business by founding the tourism website - lvrenw.com, which was acquired by Tencent in 2011. Ms. Liang graduated from Beijing Technology and Business University with a bachelor degree in June 1996. Tillkännagivande • Mar 26
Linmon Media Limited, Annual General Meeting, May 28, 2025 Linmon Media Limited, Annual General Meeting, May 28, 2025. Tillkännagivande • Mar 15
Linmon Media Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Linmon Media Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 25, 2025 Tillkännagivande • Jan 24
Linmon Media Limited Announces Management Changes The board of directors of Linmon Media Limited announced that Mr. Sun Zhonghuai has resigned as the non-executive director of the Company due to his personal career planning arrangement with effect from 24 January 2025. Mr. Sun Zhonghuai has confirmed that he has no disagreement with the Board, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board also announced that Ms. Wang Juan has been appointed as a non-executive director of the Company with effect from 24 January 2025. Ms. Wang Juan, aged 47, is currently the vice president of Tencent On-line Video Business Unit. Ms. Wang Juan joined Tencent in 2003 and is currently responsible for the overall strategic planning, content development and production management of the drama series, movies and other businesses of Tencent Video. She leads the drama series and movies business teams of Tencent Video for their continuous efforts in creating diversified and quality contents, having successfully launched a great number of premium works such as "The Three-body Problem", "The Long Season", "Lost You Forever", "Blossoms Shanghai", "Joy of Life Season 2", "The Tale of Rose" and "The Flowers Blooming". Ms. Wang Juan obtained a Master's degree in Business Administration from China Europe International Business School in November 2017. The Board also announced that Mr. Zhou Yuan ("Mr. Zhou") has resigned as the executive director and vice president of the Company due to his personal career planning arrangement with effect from 24 January 2025. Mr. Zhou has confirmed that he has no disagreement with the Board, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. New Risk • Sep 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 261% Cash payout ratio: 149% Dividend yield: 6.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 261% Cash payout ratio: 149% Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • Aug 29
First half 2024 earnings released: CN¥0.15 loss per share (vs CN¥0.36 profit in 1H 2023) First half 2024 results: CN¥0.15 loss per share (down from CN¥0.36 profit in 1H 2023). Revenue: CN¥192.5m (down 54% from 1H 2023). Net loss: CN¥52.6m (down 140% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. Tillkännagivande • Aug 15
Linmon Media Limited to Report First Half, 2024 Results on Aug 27, 2024 Linmon Media Limited announced that they will report first half, 2024 results on Aug 27, 2024 Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.06, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 54x in the Entertainment industry in Germany. Total loss to shareholders of 19% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.50 per share. Reported Earnings • May 01
Full year 2023 earnings released: EPS: CN¥0.59 (vs CN¥2.95 loss in FY 2022) Full year 2023 results: EPS: CN¥0.59 (up from CN¥2.95 loss in FY 2022). Revenue: CN¥1.22b (up 28% from FY 2022). Net income: CN¥213.6m (up CN¥945.7m from FY 2022). Profit margin: 18% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Entertainment industry in Germany. Tillkännagivande • Mar 29
Linmon Media Limited, Annual General Meeting, Jun 20, 2024 Linmon Media Limited, Annual General Meeting, Jun 20, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.59 (vs CN¥2.95 loss in FY 2022) Full year 2023 results: EPS: CN¥0.59 (up from CN¥2.95 loss in FY 2022). Revenue: CN¥1.22b (up 28% from FY 2022). Net income: CN¥213.6m (up CN¥945.7m from FY 2022). Profit margin: 18% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Entertainment industry in Europe. Tillkännagivande • Mar 28
Linmon Media Limited Proposes Ordinary Final Dividend for the Year Ended 31 December 2023, Payable on 19 July 2024 Linmon Media Limited proposed ordinary final dividend of RMB 0.218 per share for the year ended 31 December 2023. Date of shareholders' approval is 20 June 2024; Ex-dividend date is 27 June 2024; Record date is 05 July 2024; Payment date is 19 July 2024. New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Tillkännagivande • Mar 16
Linmon Media Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Linmon Media Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Aug 23
First half 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.37 loss in 1H 2022) First half 2023 results: EPS: CN¥0.36 (up from CN¥0.37 loss in 1H 2022). Revenue: CN¥422.1m (down 12% from 1H 2022). Net income: CN¥131.0m (up CN¥196.1m from 1H 2022). Profit margin: 31% (up from net loss in 1H 2022). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany. Tillkännagivande • Aug 11
Linmon Media Limited to Report First Half, 2023 Results on Aug 22, 2023 Linmon Media Limited announced that they will report first half, 2023 results on Aug 22, 2023 Board Change • Jul 26
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). VP & Executive Director Yuan Zhou is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Annabelle Long was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
